Windward Partners VII Acquires Property From Pastoral Counseling Center At 4525 Lemmon Ave Dallas
4525 Lemmon Ave, Dallas, TX, 75219
Building Size
29,150 SF
Asset Type
Office
Closing
Nov 19, 2023
About this deal
AI
The property asset involved in the transaction is located at 4525 Lemmon Avenue, Dallas, TX, 75219. This office asset spans 29,150 square feet and is situated in the Dallas market within the Uptown/Turtle Creek area. At the time of the sale, the property was 90 percent leased to various tenants, including Dallas Yoga Center and Guaranteed Fitness.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 4525 Lemmon Ave, Dallas, TX, 75219
- Square Footage: 29,150
- Market: Dallas
- Buyer: Windward Partners VII
- Seller: Pastoral Counseling Center
- Buyer's Representative: Harrison Horowitz - Oxford Capital Partners
- Seller's Representative: David Glasscock - CBRE
David Glasscock of CBRE represented the seller, Pastoral Counseling Center, which will lease back 10,456 square feet at the property. Additionally, Harrison Horowitz, along with Randy Horowitz of SHOP Cos., represented the buyer, Windward Partners VII.
Players
Dallas Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93